20 Things You Need for a Home Insurance Quote
Getting ready to buy a house is an exciting time. You are finally putting down roots. You are becoming a homeowner and will have a home, maybe a piece of property too, all in your name.
And now you need homeowners insurance. Shopping for homeowners insurance doesn’t have to be a chore but it is best to be prepared.
Here are 20 things you need for a home insurance quote.
1. Identifying information
The home insurance agent is going to ask for your name, birthdate, Social Security number, marital status and the address of the house you want to insure. Insurance companies will use your Social Security number to run a credit check on you. If you have good credit, you’ll pay a lower rate on your home insurance. If you have blemished or damaged credit, you’ll pay more for insurance.
2. Your Coverages and Insurance Limits
The coverages and limits that you choose for a policy will help determine how much you pay in homeowners insurance. So choose your coverage carefully. You will need to have this information ready when an insurance agent asks for it.
3. Home Renovations and Repairs
Don’t be surprised if an agent asks about your home’s renovations and repairs. Have you or the previous homeowner done major renovations on your home? If you are not sure about past renovations and work on your home, an agent may be able to get this information by getting the local building permits for your home.
4. Your Home’s Current Condition
What kind of shape is your home in? How old is the plumbing? What about the furnace or water heater? How new are your kitchen appliances? Do you have a fireplace? When were the bathrooms last done? All these questions help agents assess the value of your home that they are looking to insure. They are asking these questions to determine your home’s current condition and just how much it will cost to repair or rebuild your home if it is damaged by an event covered in your home insurance policy such as a rainstorm.
5. The Age of Your Home
You will be asked the age of your home. In general, older homes cost more to insure. So if you have your eye on a newer or brand-new home you’ll pay a little less in homeowners insurance.
6. The Size of Your House
What is the square footage of your house? The larger your home the more you will pay for insurance. A small one bedroom condo will be less to insure than a two-story house with a yard. So have your home’s dimensions ready when you talk to an insurance agent.
7. Security Features
Be prepared to talk about your home’s safety features. Alarm systems and smoke detectors make your home safer and these safety features help to lower your home insurance quote. So consider adding these safety features to your home if you don’t have them already. If you do, your home insurance rate will dip lower.
8. Your Claims history
If you have filed claims on your homeowners insurance in the past, you will pay more on your homeowners policy and increase your current insurance quote. Homeowners without claims will pay less for their insurance than homeowners who have made claims in the past.
9. Type of Materials in Your Home
Is your home made of brick or stone? If it is, your home will be cheaper to insure than a home made of wood, which could more easily catch fire. Be ready with this information for an insurance agent.
Do you have valuables in your home such as jewelry or even expensive electronics? If you do, you may need additional coverage for your home and this will increase your homeowners insurance quote.
11. How Long You’ve Lived in Your Home
Just moved into your home or have you been there for a decade? An insurance agent wants to know. 12. Household Information
An insurance agent will ask how many people are living in the house. Another household question is do you have pets such as dogs and cats? Answer all these questions honestly.
13. A Home Business
Work from home in your home business? An insurance agent will ask you about this and your stay-at-home career.
14. Current Coverage Details
An insurance agent will ask for information about your current homeowners policy. What is the name of the company and what are your dates of coverage?
15. When Do You Want to Start Coverage?
This one is easy. When would you like your insurance coverage to start? Let the agent know about your planned start date for your home insurance coverage.
16. Style of House
Is your home one or two stories? Is your home a particular style such as colonial? How many bedrooms and how many bathrooms? Give the insurance agents all the details you can.
17. Age of Roof
How old is your home’s roof? And what is the roof made of? Is it metal or slate or shingles? An insurance agent wants to know.
18. Detached Structure(s)
Is there a detached structure such as a tool shed or a sauna in your backyard? Let the insurance agent know about any additional structures in your yard.
19. Do You Have a Mortgage?
Is there an outstanding mortgage on the home? You will need to let an insurance agent know that you are currently financing your home.
20. Proximity to Fire Station
If you live close to a fire station you will pay less on your insurance than someone who lives far away from one. So check your neighborhood for fire stations. And let an insurance agent know how close you live to one.
Now that you are prepared to get a home insurance quote, you are ready for the next step.
Shopping around to multiple home insurance companies. It is the best way to get a good deal on homeowners insurance.
Shop Smart with SmartFinancial
SmartFinancial makes it easy to compare free home insurance quotes instantly. Just input your zip code and you’re all set to go. Next, fill out a brief questionnaire letting SmartFinancial know the kind of home insurance coverage that you want. Do you want affordable and inexpensive home insurance or are you looking for more comprehensive coverage for your home?
SmartFinancial will do a comparison of more than 200 home insurance companies so you are bound to find the insurance coverage you want at a price you can afford in no time. But don’t rush. Review the home insurance offers you have in front of you and review them carefully. You are looking for the best deal, the best price on the homeowners policy with the coverage that you want.
With SmartFinancial’s help, you will have the home insurance you want in no time. And then you can go about enjoying your very own home sweet home.
Get a Free Home Insurance Quote Online Now.
To make things even more challenging, this year, we not only have fireworks to worry about but there is also the potential for COVID-19 infections as we all let down our guards while in the presence of family and friends.
Some residents may damage things during do-it-yourself moves. Others may hire professional movers that accidentally break an expensive item.
Looking for Home Insurance?
Compare rates from dozens of companies in less than 3 minutes.
With all the benefits that come with owning a swimming pool there are also risks, which is why swimming pools are often called “an attractive nuisance.” According to the Centers for Disease Control and Prevention (CDC), approximately 10 people die from unintentional drowning.
Mortgage payments and possibly a homeowners warranty aren’t the only costs of owning a home. Nope, it doesn’t end with taxes and homeowners insurance either. Most people who set out to buy their first home are in for a surprise when the closing date approaches and they learn that they owe all sorts of money for the house they just bought.
Homeowners insurance was not designed to cover small or even big fixes, but to repair damage that is covered under the stipulations of your policy. In fact, you may end up paying more in monthly premiums if you file a claim that gets rejected. For this reason, we advise you to fully review your case and your policy to see if you’re covered before filing a claim.
Homeowners insurance is an important protection to have even when it’s not required for a primary home, a vacation home or condo.